From a technical perspective, NBG bounced modestly higher here right above some near-term support at $3.20 with solid upside volume. This stock has been crushed over the last two months, with shares drooping from over $8 to its low of $2.85. Since that drop, the stock has started to stabilize and it's now moving within range of triggering a major breakout trade. That trade will hit if NBG manages to take out some near-term overhead resistance at $3.88 with high volume.

Traders should now look for long-biased trades in NBG as long as it's trending above $3.20 and then once it sustains a move or close above $3.88 with volume that hits near or above 3.59 million shares. If that breakout triggers soon, then NBG will set up to re-test or possibly take out its next major overhead resistance levels at $4.47 to $5.63

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